Caspiano
Account reconciliation by accident
management review
internal audittip
external audit of financial statements
code of conduct
internal audit department
management certification of financial statements
external audit of internal controls over financial reporting
independent audit committee
management review
hotline
fraud training for employees
fraud training for managers/executives
anti-fraud policy
employee support programs
dedicated fraud department, function, or team
formal fraud risk assessments
surprise audits
proactive data monitoring/analysis
job rotation/mandatory vacation
rewards for whistleblowers
92%
91%
88%
84%
80%
77%
75%
74%
63%
62%
60%
56%
52%
49%
46%
44%
23%
14%
56%
54%
39%
43%
37%
28%
40%
26%
23%
24%
24%
28%
16%
16%
18%
18%
10%
7%
fraud in small business
150K 150K
30%
60%
of fraud cases occurred in small businesses (those with fewer than 100 employees)
of small-business fraud victims didn’t recover any
of their losses
small businesses suffered the same median fraud loss as organizations with 10,000+ employees
small businesses have fewer anti-fraud controls in place than large organizations, making them especially vulnerable to fraud
how small businesses detect fraud
30% 30% 15% 12% 8% 7%
20% 20%
19%
27%
non-cash misappropriation
corruptionbilling schemes
check tampering skimming
top fraud risks small businesses
for
Data from the ACFE’s 2016 Global Fraud Study, Report to the Nations on Occupational Fraud and Abuse.
Download the full report and view interactive graphs at ACFE.com/RTTN.
© 2016 Association of Certified Fraud Examiners, Inc. All rights reserved. “ACFE,” “CFE,” “Certified Fraud Examiner,” “Association of Certified Fraud Examiners,” “Report to the Nations,” the ACFE Logo and related trademarks, names and logos are the property of the Association of Certified Fraud Examiners, Inc., and are registered and/or used in the U.S. and countries around the world.
small businesses (<100 employees)
large businesses (100+ employees)